The Chart of the Day belongs to Prothena (PRTA). I found the pharmaceutical stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/29 the stock gained 48.38%.
Prothena Corporation plc is a biotechnology company focused on the discovery and development of therapeutic monoclonal antibodies for disease-causing proteins. The Company is developing the following programs: NEOD001 for Amyloidosis, NEOD002 for Parkinson's disease, MCAM for Inflammatory disease and Metastatic Cancer and Tau for Alzheimer's disease. Prothena Corporation plc is headquartered in Dublin, Ireland.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 5 new highs and up 25.44% in the last month
- Relative Strength Index 71.58%
- Barchart computes a technical support level at 51.75
- Recently traded at 58.52 with a 50 day moving average of 43.93
Fundamenatl factors:
- Market Cap $1.80 billion
- Revenue expected to grow 884.80% next year
- Earnings estimated to increase 24.30% next year
- Wall Street analysts issued 3 strong buy and 3 buy recommendations for the stock
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for the stock
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